Biometric based authorization systems for electronic fund transfers

摘要

A money transfer authorization method that includes the step of providing transferor biometric information to a party verification processor that verifies an identity of the transferor by comparing the transferor biometric information with previously registered biometric information from the transferor, where the transferor provides transfer identity information to receive the money. The method also includes confirming that the verified transferor has sufficient funds or credit for the money transfer, and providing transferee biometric identification to the party verification processor that verifies the transferee by comparing the transferee biometric information with previously registered biometric information from the transferee. The transferee has to provide transfer identity information before the money is given to the transferee.

主权项

1. A method comprising the steps of:
receiving a biometric characteristic and identity information of a transferor; verifying the identity information of the transferor using one or more pieces of verification information provided by the transferor; comparing the biometric characteristic to each of a plurality of individual biometric characteristics in a database, wherein each of the plurality of individual biometric characteristics is associated with a previously registered person; comparing the identity information to each of a plurality of individual identifications in the database, wherein each of the plurality of individual identifications is associated with a previously registered person; and registering the transferor by recording the biometric characteristic and the identity information in the database based at least on:
the biometric characteristic being unique because it did not match any of the plurality of individual biometric characteristics in the database; andthe identity information being unique because it did not match any of the plurality of individual identifications in the database.